A new circular from the Nigerian National Petroleum Company Limited outlines the prices oil merchants will pay for petroleum goods.
About two weeks had passed since the Federal Government had declared the end of fuel subsidies.
In a circular issued on Sunday, NNPCL Retail instructed marketers to think about combining their existing orders that still reflect the old fuel price in order to purchase a truck carrying 45 million liters of gasoline.
According to information, marketers had already ordered one truck of gasoline for around N7.7 million.
The new business circular, however, instructed marketers who had likely bought three trucks at N7.5m (the former price of N171/litre), to combine their purchases or get a refund.
Punch.